In the Study of Internal Control,the Auditor Uses Sampling to Compare

question 71

Multiple Choice

In the study of internal control,the auditor uses sampling to compare the _____________to the ______________.

• A)Adjusted estimate of misstatement; overall materiality.
• B)Sampling risk; precision.
• C)Adjusted estimate of the deviation rate; tolerable rate of deviation.
• D)Precision interval; upper limit on misstatement.

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Definitions:

Reversibility

The ability to recognize that objects can change form or condition and return to their original form or condition.

Seriation

The cognitive ability to arrange objects in an order according to size, shape, or any other characteristic, which is a key aspect of logical thinking in children.

Long-Term Memory

The aspect of memory concerned with the storage of information over an extended period, potentially for a lifetime.

Memory Ability

The capacity of the brain to store, retain, and recall information and past experiences.